Tax Table 2020
These are the current (tentative) Tax Tables for the 2019-2020 Tax Year.
(Tentative) Tax Resident Tax Rates 2019-2020
This rate is only applying to individuals who are Australian residents for tax purposes*.
| Taxable Income | Tax on this income |
| 0-$18,200 | Nil |
| $18,201- $37,000 | 19c for each $1 over $18,200 |
| $37,001- $90,000 | $3,572 plus 32.5c for each $1 over $37,000 |
| $90,001 – $180,000 | $20,797 plus 37c for each $1 over $90,000 |
| $180,001 and over | $54,097 plus 45c for each $1 over $180,000 |
(This is not including the Medicare levy of 2%)
* There are multiple residency tests to determine if you are an Australian resident for tax purposes.
However, the easiest way to work this out is if you spent over half the year (183 days) in Australia, you will most likely be considered a tax resident under this test.
For further information please contact us.
(Tentative) Foreign Resident Tax Rates 2019-2020
| Taxable Income | Tax on this income |
| 0-$90,000 | 32.5c for each $1 |
| $90,001 – $180,000 | $29,250 plus 37c for each $1 over $90,000 |
| $180,001 and over | $62,550 plus 45c for each $1 over $180,000 |
The table above enables you to manually estimate your tax liability for the 2020 tax season.
If you still having any questions please feel free to contact us by calling 1300 707 117 or email at [email protected] 😊